Limongelli Victor 4
4 · OneSpan Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
OneSpan (OSPN) CEO Victor Limongelli Receives 42,511-Share Award
What Happened
Victor Limongelli, CEO and President of OneSpan Inc. (OSPN), was credited with 42,511 performance stock units (PSUs) on Feb 17, 2026. The Form 4 reports this as an award/derivative acquisition at $0.00 per unit (no cash paid). The PSUs were determined earned based on OneSpan’s 2025 financial metrics.
Key Details
- Transaction date: 2026-02-17; price reported: $0.00 (derivative award).
- Number of units awarded/earned: 42,511 PSUs.
- Shares owned after transaction: not disclosed in the filing.
- Footnote F1: Each restricted stock unit represents a contingent right to receive one share of OneSpan common stock.
- Footnote F2: The PSUs were originally granted on Mar 4, 2025; on Feb 17, 2026 the Compensation Committee determined 42,511 PSUs were earned for 2025 performance. Vesting is contingent on continued employment: 1/3 vests Mar 4, 2026; 1/3 vests Dec 31, 2026; 1/3 vests Dec 31, 2027.
Context
This is a performance-based equity award (derivative) that gives the reporting person a contingent right to receive shares if vesting conditions are met; it is not a market purchase or sale. The award reflects compensation tied to company performance and does not by itself indicate the insider is buying or selling stock.
Insider Transaction Report
Form 4
OneSpan Inc.OSPN
Limongelli Victor
Chief Executive Officer
Transactions
- Award
Restricted Stock Unit
[F1][F2]2026-02-17+42,511→ 42,511 totalExercise: $0.00→ Common Stock (42,511 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of OSPN common stock.
- [F2]On March 4, 2025, the reporting person was granted performance stock units (PSUs) that were eligible to be earned based upon the registrant's achievement of specified financial metrics for 2025. On February 17, 2026, the registrant's Compensation Committee determined that the reporting person had earned 42,511 PSUs based on the 2025 financial metrics. The earned PSUs will vest as to 1/3 of the shares on March 4, 2026 and as to an additional 1/3 of the shares on each of December 31, 2026 and December 31, 2027, assuming the reporting person continues to be employed by the registrant on each such date.
Signature
/s/ Lara Mataac, Attorney in Fact|2026-02-20